States Generally Impose a Capital Based Franchise Tax in Lieu

question 5

True/False

States generally impose a capital based franchise tax in lieu of a tax based on net income.

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Definitions:

Rotavirus (RV)

A highly contagious virus that causes gastroenteritis, mainly in infants and young children, characterized by diarrhea and vomiting.

Diphtheria, Tetanus, Pertussis (DTaP)

A combined vaccine that protects against three serious bacterial diseases: diphtheria, tetanus, and pertussis (whooping cough).

Haemophilus Influenzae Type B (HIB)

A bacterium that can cause serious infections, particularly in young children, including pneumonia, meningitis, and epiglottitis.

Chickenpox

A highly contagious viral infection causing an itchy, blister-like rash on the skin.